Automotive/Warehouse Building on 'F'
For Sale
Contact for pricing
1202 SW F Ave, Lawton, OK
Occupied automotive/warehouse building for sale with development potential.
Property Size2,705 SF
Lot Size0.37 Acres
Price / SF$68.39
Days on Market948
Property Features for 1202 SW F Ave
General Information
Standard status
Active
Size
2,705 SF
Lot size
0.37 Acres
Property subtype
RETAIL
Listing Agency:
Insight Commercial Real Estate Brokerage, LLC
Listed By:
Christian Forsyth
(580) 353-6100
Source:
Moodyscre
Added: Mar 25, 2024
Changed: Oct 25
Last Checked: Oct 26 at 6:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Insight Commercial Real Estate Brokerage, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is an occupied automotive and warehouse building situated on 'F' Avenue. The building is located on a 0.38-acre lot, offering ample parking space and potential for further development. The office area includes two restrooms, cooling, and overhead gas heaters for heating. It features one overhead door facing 'F' Avenue. Signage is available on the building. The property was previously used as a tire repair shop, and the yard is fenced, providing additional parking or storage space. Nearby businesses include Hungry Hearts Feeding Ministry, Red Roof Dog Grooming, and Stripes Gas Station and Convenience Store. The building size is 2705 square feet.
Key Highlights
- Large .38 acre lot with ample parking and development potential.
- Fenced yard suitable for additional parking or storage.
- Building signage availability.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,943
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,860
$318.9K
Cap Rate 7%
$227,757
$227.8K
Cap Rate 9%
$177,144
$177.1K
Market Conditions
NOI Build-Up for 2,705 SF
Gross rent
$20.1K $7.44/SF
− Vacancy
−$1.4K −$0.51/SF
EGI
$18.8K $6.93/SF
− OpEx
−$2.8K −$1.04/SF
NOI
$15.9K $5.89/SF
Area
Comanche County, OK
Vacancy
6.80%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,860
Cap Rate 7%
$227,757
Cap Rate 9%
$177,144
Alternative Uses
Best Use
Retail
$515.4K
$450.9K – $601.3K
NOI $36,075 @ 7.0% cap · market cap 19.50%
Second Best
Warehouse
$227.8K
$199.3K – $265.7K
NOI $15,943 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$665.2K
$582.0K – $776.1K
NOI $46,563 @ 7.0% cap · market cap 25.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- 580 Auto Repair LLC — 1402 SW 11th St, Lawton, OK 73501
- Roadside Towing & Auto Sales — 2102 sw jefferson ave, lawton, ok 73501
- D N D Tire — 2014 SW Lee Blvd, Lawton, OK 73501
- junk cars 4 more cash — 2116 SW Jefferson Ave, Lawton, OK 73501
- Roadside Paint & Bodyshop — 2102 SW Jefferson Ave, Lawton, OK 73501
Frequently Asked Questions
What type of property is this?
Auto shop - Occupied automotive/warehouse building for sale with development potential.
Where is this auto shop located?
The property is located at 1202 SW F Ave Lawton, OK.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Large .38 acre lot with ample parking and development potential.; Fenced yard suitable for additional parking or storage.; Building signage availability.
